A partner who withdraws from a partnership may not withdraw the balance in his or her Capital account.

Name: A partner who withdraws from a partnership may not withdraw the balance in his or her Capital account.
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Question

Quizplus · Accepted Answer

When a partner withdraws from a partnership, they are entitled to the balance in their Capital account, subject to any obligations to the partnership. However, they may not withdraw any further funds or assets beyond their Capital account.

A Partner Who Withdraws from a Partnership May Not Withdraw